Chruchwood finance

MOMENTS_2

Has any one ever used this company and if so what are thet like?

HappyMJ

MOMENTS wrote: »

Has any one ever used this company and if so what are thet like?

A complete rip-off. They take a large percentage of each payment you make to them as a fee and hand over a small percentage of that payment to each of your creditors. You will achieve better results by doing it yourself and using the help of a charity such as CCCS.

fozmcfc

Firstly as HappyMJ says you are best going into a DMP with CCCS or Payplan, both offer a free service and all monies go towards paying your debt off.

However, my mate has been with Churchwood for a few years and they have always been helpful and he is now less than a year away from finishing his DMP. Yes they do charge, but he's experience of them in general has been good.

For instance when creditors would write to him in the early months of his DMP, he would simply pass the details to Churchwood who would deal with them for him. But I'm sure CCCS and Payplan would do the same and as has been said for free.

dt3887

i was with churchwood for about 6 -7 months. and i would say dont touch them with a 10 foot bargepole with sh*t on the end of it. like happymj said, they take 10% as a fee for a start. they dont always get the interest frozen by the ones you owe, and they "lose" payments. it wasnt until after 5 months of being with them and paying them, that my first payment turned up at welcome.
i then left them, contacted all companies that had agreed to it, and basically said, you agreed it with them, will you agree to it with me paying direct? and they all said yes

dealer_wins

MOMENTS why are you looking at dodgy loan companies. They are going to rip you off!!

If your own bank cant help you, it means you cannot afford a loan at this time.

DCFC79

Let me guess OP your wanting a loan and you have some debts and/or missed payments.

malkyh

DCFC79 wrote: »

Let me guess OP your wanting a loan and you have some debts and/or missed payments.

Or to pay off a current payday loan as the 'nasty wasty people' are hammering him/her as he/she defaulted on the payments.

DCFC79

malkyh wrote: »

Or to pay off a current payday loan as the 'nasty wasty people' are hammering him/her as he/she defaulted on the payments.

That too. :beer:

MOMENTS_2

Thanks for the advice.

dt3887

chruchwood finance are NOT a loan company, they are a caroy debt management company